181
181
Nov 19, 2012
11/12
by
CNBC
tv
eye 181
favorite 0
quote 0
. >>> and then the man who many in the technology world call the next steve jobs. you're probably already using something this quiet genius already invented. "the wall street journal report" begins right now. >> this is america's number-one financial news program. "the wall street journal report." now, maria bartiromo. >> here's a look what's making news as we head into a new week on wall street. corporate america had a strong message for president obama this week. ceos from more than a dozen of america's largest companies met with the president and warned that washington must reach a deal to avoid the fiscal cliff. the president also sat down with congressional leaders and officially began negotiations. if congress doesn't act, taxes on income, capital gains, dividends and estates will all go up. and automatic spending cuts will kick in, beginning on january 1st. this week, i spoke with alan simpson and erskine bowles, authors of a deficit reduction plan about what needs to be done. >> you can't tax your way out of this. you can't cut spending your way out of this
. >>> and then the man who many in the technology world call the next steve jobs. you're probably already using something this quiet genius already invented. "the wall street journal report" begins right now. >> this is america's number-one financial news program. "the wall street journal report." now, maria bartiromo. >> here's a look what's making news as we head into a new week on wall street. corporate america had a strong message for president obama...
74
74
Nov 14, 2012
11/12
by
CNBC
tv
eye 74
favorite 0
quote 0
>> on monday steve grasso and i professed our mutual love for yahoo. the fact that the stock was only down two cents today was impressive. we saw a call by one buying who bought 2,500 of the jan 1 calls. they are breaking even at the 20.20. when you are getting into fresh ground defining your risk by buying calls makes a lot of sense. >> let's see to seema mody tracking the twitter fear. >> facebook is the big story. if you have been checking your twitter feed you might have been able to catch the rally. jc tweeted yesterday with thousands of articles being written about a facebook selloff on expiring lock ups wouldn't it be hilarious if facebook rallied instead. everyone thought it would be down. the question is as paul points out in this tweet does the rally that we saw today have legs? the rally post earnings didn't hold. take a look at the chart. facebook reported on october 23 shares rose and then moved lower. can i hold this level and move higher from here? >> we are using kids dynamite logic. >> you would be surprised. twitter is right. if you w
>> on monday steve grasso and i professed our mutual love for yahoo. the fact that the stock was only down two cents today was impressive. we saw a call by one buying who bought 2,500 of the jan 1 calls. they are breaking even at the 20.20. when you are getting into fresh ground defining your risk by buying calls makes a lot of sense. >> let's see to seema mody tracking the twitter fear. >> facebook is the big story. if you have been checking your twitter feed you might have...
72
72
Nov 14, 2012
11/12
by
CNBC
tv
eye 72
favorite 0
quote 0
cnbc's steve leisman is here with that. what do they have to say? >> so they told us what i think we knew, which is that they're probably going to do additional asset purchases in january when the extenders -- what they're doing right now, this operation twist -- when that runs out. selling short term, buying long ter term. qe3-plus, maybe qe4. it is another extension of "operation twist" but they'll get rid of the selling and all they'll be doing is buying. that's one thing. another thing is they're having this big discussion internally about the guidance they provide and all i can tell you, michelle, is when i read the minutes, it doesn't sound like the discussion's ready for prime time. they are literally all over the place. they agree it needs to clang. what's the sflem they don't like this calendar dade guidance. they think it should be linked to economic goals, or economic targets. like we will stop keeping rates low when unemployment gets below, x or if inflation gets above y. but they can't agree on the targets. they're worried about the eff
cnbc's steve leisman is here with that. what do they have to say? >> so they told us what i think we knew, which is that they're probably going to do additional asset purchases in january when the extenders -- what they're doing right now, this operation twist -- when that runs out. selling short term, buying long ter term. qe3-plus, maybe qe4. it is another extension of "operation twist" but they'll get rid of the selling and all they'll be doing is buying. that's one thing....
158
158
Nov 12, 2012
11/12
by
CNBC
tv
eye 158
favorite 0
quote 0
when you saw the htc it is a total divergence from steve jobs. he wanted to fight tooth and nail to come out with a better product. seems like they are settling and coasting on iphone. i did buy google. i would rather be a buyer of googleal google. >> for more let's bring in steven, technical analyst. what do you see in the charts? seems like a few people are seeing. >> we are looking at the rising 200-day moving average and the s&p 500 is moving. there is a difference between 1370 and 1340 and that is where we think the market can see the support. normal season ality about 1.5%. we are more worried next year. we think you can get a pullback in the first quarter of 2013 in conjunction of the presidential cycle. normally you are weak from the second half of the first year which is 2013 into 2014. we think we can get a rally and a better opportunity to get more profit. >> you are also specifically looking at mega caps as one reason why you are bullish. what are you looking at? >> we think mega caps this year emerged as leadership. we have the s&p 1
when you saw the htc it is a total divergence from steve jobs. he wanted to fight tooth and nail to come out with a better product. seems like they are settling and coasting on iphone. i did buy google. i would rather be a buyer of googleal google. >> for more let's bring in steven, technical analyst. what do you see in the charts? seems like a few people are seeing. >> we are looking at the rising 200-day moving average and the s&p 500 is moving. there is a difference between...
44
44
Nov 20, 2012
11/12
by
CNBC
tv
eye 44
favorite 0
quote 0
you worked at sac i know you know steve cohen. what do you think about the risk for really an iconic hedge fund manager? >> anybody that's an outside investor, almost half, roughly 13 billion, an outsider investor knows this already, that the sec has been trying to get steve for years and years. you mentioned earlier, there's another firm that also has some members or former members that are under indictment or trial. so here's the deal. sac has 500 people. it's tough to influence and to manage all these people. it's incredibly tough compliance procedures in place. i just don't believe he would jeopardize roughly a 6 to $8 billion fortune for even a few hundred million dollars. >> kate, let's bring you back in. sac -- at all, let's make that point. we have to start wonderfing abot the reputational risk as i said in my risk. >> it's very big, scott. there are a few key -- ironically has done well in the last couple of years. ten or 11% year to date and -- criticized for underperforming in the s&p for instance, which was on such a t
you worked at sac i know you know steve cohen. what do you think about the risk for really an iconic hedge fund manager? >> anybody that's an outside investor, almost half, roughly 13 billion, an outsider investor knows this already, that the sec has been trying to get steve for years and years. you mentioned earlier, there's another firm that also has some members or former members that are under indictment or trial. so here's the deal. sac has 500 people. it's tough to influence and to...
158
158
Nov 15, 2012
11/12
by
CNBC
tv
eye 158
favorite 0
quote 0
. >> steve jobs, there were very few people he believed in. but the one guy he always wanted in his corner was bono. he wanted him in his economic segment because he's so smart. >> have you ever met him. >> no. >> i have. >> you have? >> i met him up in dabos. >> partied with him? >> it was a late night. but we just spent a little time with him and i was with andrew sorken, he said can we do lunch sometime? can i get your number? he said i'll find you. >> i can't believe you just gave that on air. that's great. >> that's my new one. >> the big news, was he found? >> i don't know. >> we got to get andrew on the show now. >> maybe he'll phone in. >> get an update. >>> today on the closing bell the two men behind simpson bowls deficit reduction plan which has been touted as the answer to the fiscal cliff. >> meantime, duelling earnings from discount retail rivals walmart versus target. which store chain is your best bet as we go into the holiday shopping season. but first -- >> coming up, investigating in market can be a dirty, muddy, ugly race.
. >> steve jobs, there were very few people he believed in. but the one guy he always wanted in his corner was bono. he wanted him in his economic segment because he's so smart. >> have you ever met him. >> no. >> i have. >> you have? >> i met him up in dabos. >> partied with him? >> it was a late night. but we just spent a little time with him and i was with andrew sorken, he said can we do lunch sometime? can i get your number? he said i'll find...
188
188
Nov 16, 2012
11/12
by
CNBC
tv
eye 188
favorite 0
quote 0
>> i like steve wise. did not vote for the president, but i'm willing to meet the president somewhere in the middle. i think republicans have already said, we'll put additional revenue on the table. we don't need to raise tax rates. what we haven't heard from the president is some commitment to address these drivers of our debt. and that's the entitlement programs. until we have some kind of firm commitment there, it's difficult to compromise. >> you're known as a budget hawk, okay, great. why doesn't the president, like he's at this news conference yesterday, why doesn't he tell me instead of $1.5 trillion in tax hikes, why didn't he walk through $1.5 trillion in spending cuts, new spending cut, not warmed-over stuff that's been scored because we're getting out of afghanistan and iraq. brand new, new ball game, okay? and if you give me some revenues, i'll give you some deep spending cuts. where is that, jeff flake? where are the spending cuts? >> we haven't heard it yet. perhaps it's the come. we hope so.
>> i like steve wise. did not vote for the president, but i'm willing to meet the president somewhere in the middle. i think republicans have already said, we'll put additional revenue on the table. we don't need to raise tax rates. what we haven't heard from the president is some commitment to address these drivers of our debt. and that's the entitlement programs. until we have some kind of firm commitment there, it's difficult to compromise. >> you're known as a budget hawk, okay,...
210
210
Nov 19, 2012
11/12
by
CNBC
tv
eye 210
favorite 0
quote 0
that could also be military. >> no wonder. >> stay there, steve. good stuff. let's talk about the cliff-hanger's impact on corporate spending. it is the lead story in the wall street journal today with half of the nation's 40 biggest spenders already cutting back as if another recession was on the way here or here. >> cato institute says this should be expected, companies need to protect themselves. michael mandela couldn't disagree more. he says it's nonsense. companies are tightening the purse strings when they have so much cash. michael, any incentive right now? why do you think this is poppycock, the fiscal cliff is not leading to companies investing? >> let's look at it addition let's take a closer look at spending patterns. what's happening is that tech investment is still rising. in fact, tech investment hit an all-time record in the third quarter. it's nontech spending, nontech investment that's collapsing. that has a lot more to do with fundamentals than it does to do with the fiscal cliff. what's happening is that this is becoming a data-driven world
that could also be military. >> no wonder. >> stay there, steve. good stuff. let's talk about the cliff-hanger's impact on corporate spending. it is the lead story in the wall street journal today with half of the nation's 40 biggest spenders already cutting back as if another recession was on the way here or here. >> cato institute says this should be expected, companies need to protect themselves. michael mandela couldn't disagree more. he says it's nonsense. companies are...
207
207
Nov 19, 2012
11/12
by
CNBC
tv
eye 207
favorite 0
quote 0
steve, steve -- steve case here, i was about to tcall you a different steve. steve case has talked about the importance of immigration. i'm curious, are there many students you've had over the years who have left and are there good examples of students who have gone through your program, gone through your classes and ended up going back to their home country and building out great entrepreneurial adventures? >> sure. i've stopped keeping score. this country used to be a magnet for people who came here and fought to stay, and for some reason we've been making it more and more difficult for those who want to stay and we spend an enormous amount of time educating them and then we kind of send them back home. it just doesn't make sense. >> half of the ph.d. and masters candidates at our great research universities are from other nations and about half of those then get kicked out when they want to stay here because they are not really given the opportunity. it's really crazy. we should give them not only the encourage but encourage and ask them to stay here. >> st
steve, steve -- steve case here, i was about to tcall you a different steve. steve case has talked about the importance of immigration. i'm curious, are there many students you've had over the years who have left and are there good examples of students who have gone through your program, gone through your classes and ended up going back to their home country and building out great entrepreneurial adventures? >> sure. i've stopped keeping score. this country used to be a magnet for people...
80
80
Nov 20, 2012
11/12
by
CNBC
tv
eye 80
favorite 0
quote 0
thank you, steve, we appreciate it. >> michelle, we are talking lower than 2 1/2%. below that number. maybe 2%. maybe 2%. >> we as a nation don't i don't think ever find that acceptable. thanks, steve. >> right. >>> kenny polcari, end pend dent trader sitting on the set with me. likely recession, no matter what shallow big? >> is it going to be shallow other sfwhig that is going to depend on what happens in washington. interesting that steve said that he thought that bernanke gave a doomy assessment. i actually think bernanke was very realistic, saying listen, this is the way it is going to be. you can't make it be optimistic when itville not optimistic as far as d.c. not really carrying on and doing the job. >> your point, when we were chatting earlier, let's say they get the fiscal cliff resolved, in the meantime, companies have already been act. they have done discounting in the worse case. >> what is bernanke going to be able to do, go over and enter a recession, which he said, most people going there is he going to be able to prevent the depth of it? is the fed
thank you, steve, we appreciate it. >> michelle, we are talking lower than 2 1/2%. below that number. maybe 2%. maybe 2%. >> we as a nation don't i don't think ever find that acceptable. thanks, steve. >> right. >>> kenny polcari, end pend dent trader sitting on the set with me. likely recession, no matter what shallow big? >> is it going to be shallow other sfwhig that is going to depend on what happens in washington. interesting that steve said that he thought...
46
46
Nov 19, 2012
11/12
by
CNBC
tv
eye 46
favorite 0
quote 0
matt mccormick, portfolio manager, and steve masoka. steve do you agree or disagree with goldman stocks are likely to go down? >> i beg to disagree. i think that the market way overreacted to this fiscal cliff news. i think we saw very conciliatory talk coming out of both republicans and democrats. i think there is a deal that will be made before the end of the year and i think that deal will be done by essentially not cutting the deficit as much as one had anticipated. yes we'll get tax increases but they won't be as great as the democrats had asked for, and yes we'll get spending cuts but they won't be as great as the republicans have asked for and then we'll all go off to christmas very happy and smiley. i think the market senses that now after the friday press conference and that's what you see in this rally today. >> basically you are saying it is a whole much to do about nothing. with regards to dividends, matt, this is what your firm specializes in. you're poo-pooing this theory that people are dumping dividend paying stocks ahea
matt mccormick, portfolio manager, and steve masoka. steve do you agree or disagree with goldman stocks are likely to go down? >> i beg to disagree. i think that the market way overreacted to this fiscal cliff news. i think we saw very conciliatory talk coming out of both republicans and democrats. i think there is a deal that will be made before the end of the year and i think that deal will be done by essentially not cutting the deficit as much as one had anticipated. yes we'll get tax...
120
120
Nov 19, 2012
11/12
by
CNBC
tv
eye 120
favorite 0
quote 0
precisely what you saw from steve. among them leaders of boeing, weyerhaeuser. joining us on the phone, representative adam smith, a democrat from the ninth district of washington. representative smith, thanks for joining us. i can't think of a better name for a guest on cnbc. >> people are always disappointed that i don't know a lot more about economics than i actually do. but at least it is good to have the name. >> you know what the invisible hand is, at a minimum. >> only too well. >> first of all, before we get into the details of the fiscal cliff, what would you say to americans who don't understand why congress is gone on vacation this week when there's such a huge bit of work -- or piece of work that needs to get done this week when it comes to the fiscal cliff or before the end of the year? >> first of all, we're not on vacation. i'm in my district right now driving through the rain in the pacific northwest. visiting businesses and schools and a big part of our job is listening to our constituents and interacting with our constituents and talking to the
precisely what you saw from steve. among them leaders of boeing, weyerhaeuser. joining us on the phone, representative adam smith, a democrat from the ninth district of washington. representative smith, thanks for joining us. i can't think of a better name for a guest on cnbc. >> people are always disappointed that i don't know a lot more about economics than i actually do. but at least it is good to have the name. >> you know what the invisible hand is, at a minimum. >> only...
62
62
Nov 16, 2012
11/12
by
CNBC
tv
eye 62
favorite 0
quote 0
thank you, steve. is there be the tom in sight for america's most valuable company and amazon's valuation is steep and a key business doesn't make money but is there reasons to be bullish on that guy? we're watching the price of oil as tensions rise in the middle east and the fire engulfs a rig off the l la coast. with the fidelity stock screener, you can try strategies from independent experts and see what criteria they use. such as a 5% yield on dividend-paying stocks. then you can customize the strategies and narrow down to exactly those stocks you want to follow. i'm mark allen of fidelity investments. the expert strategies feature is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. well, if itmr. margin?margin. don't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the last guy pitched more ball pack
thank you, steve. is there be the tom in sight for america's most valuable company and amazon's valuation is steep and a key business doesn't make money but is there reasons to be bullish on that guy? we're watching the price of oil as tensions rise in the middle east and the fire engulfs a rig off the l la coast. with the fidelity stock screener, you can try strategies from independent experts and see what criteria they use. such as a 5% yield on dividend-paying stocks. then you can customize...
295
295
Nov 14, 2012
11/12
by
CNBC
tv
eye 295
favorite 0
quote 0
all right, steve. thanks very much for doing the leg work on that. steve liesman. even before today's hard line from the president at his press conference today, reports today that the president wants $1.6 trillion in tax revenue over ten years. that is twice the amount the president and republicans nearly agreed to last year during the whole debt ceiling debate. like any business deal this is all about the art of negotiating. let's put politics aside, find out what two experienced negotiators think and how they size up the fiscal cliff negotiations. joining me now is a partner at step two and johnson. he gives president obama the upper hand. but robert friedman who negotiates mna deals says republicans stand to be the winners. thank you so much for joining us. robert, is it smart negotiating by president obama to now double the amount he wants to raise in tax revenue? is this a scare tactic? >> i think it's brilliant negotiation, really, maria. i think as far as the art of negotiation, which is the topic you introduce, i think there are two keys. one is, do you ha
all right, steve. thanks very much for doing the leg work on that. steve liesman. even before today's hard line from the president at his press conference today, reports today that the president wants $1.6 trillion in tax revenue over ten years. that is twice the amount the president and republicans nearly agreed to last year during the whole debt ceiling debate. like any business deal this is all about the art of negotiating. let's put politics aside, find out what two experienced negotiators...
358
358
Nov 15, 2012
11/12
by
CNBC
tv
eye 358
favorite 0
quote 0
steve. >> let's get a check on the markets. u.s. equity futures as becky said, we came in with green arrows and now we have mixed arrows. green and red. there's the fair value board really unchanged essentially across the board so what little pop we thought we were going to get seems to have dissipated with that walmart news missing revenues, although target coming in beter than expected. overseas in asia taking a look at those stocks again, mostly to the downside, only japan to the upside, by a decent 2% right there but everybody else down more than 1.5, and going over to europe, i think that was mixed, too, right, no, that's all down now, about half a point more or less with a little more in germany. looking at energy, we had a big pop yesterday in gasoline and in oil that came from and it's continuing today that, came from the unrest in the middle east. that's up although it is well down from where it was earlier this year. becky? >> big focus on energy this week, after forecasts that the united states could overtake saudi arabia
steve. >> let's get a check on the markets. u.s. equity futures as becky said, we came in with green arrows and now we have mixed arrows. green and red. there's the fair value board really unchanged essentially across the board so what little pop we thought we were going to get seems to have dissipated with that walmart news missing revenues, although target coming in beter than expected. overseas in asia taking a look at those stocks again, mostly to the downside, only japan to the...
199
199
Nov 19, 2012
11/12
by
CNBC
tv
eye 199
favorite 0
quote 0
steve wynn, that's where we to want ask him, do you to want save $20 million on taxes? are you that secure your credit will be so great you'll be able to borrow next year if you need that cash? or do you to want ask steve wynn, do you not have anything to invest in because 2013 is going to stink? those are the questions i want to ask. i think giving money away, i think it's great. why should corporations keep all this cash? make them lean and mean. >> the way you're dividing it, if you were going to give the money anyways, why not move it up, but you question if they were going to in the first place? >> here's the thing that bothers me a little bit. it won't be until next year we know did that ceo -- if you're a ceo, think about it, you get an out, you goat say, i'm grog give this money back so the tax man doesn't steal it from you versus saying, i'm unsure about what my cap-ex is going to be because of a european recession. that sounds weak. that sounds like you don't know how to invest money. to say it's to save taxes, hey, you have pressure off you. >> i think we hav
steve wynn, that's where we to want ask him, do you to want save $20 million on taxes? are you that secure your credit will be so great you'll be able to borrow next year if you need that cash? or do you to want ask steve wynn, do you not have anything to invest in because 2013 is going to stink? those are the questions i want to ask. i think giving money away, i think it's great. why should corporations keep all this cash? make them lean and mean. >> the way you're dividing it, if you...
160
160
Nov 13, 2012
11/12
by
CNBC
tv
eye 160
favorite 0
quote 0
steve. there he is. this is a guy that was considered to be the heir apparent to steve balmer. in the last few years, steve balmer has wanted greater flexibility within the company. he wants to speed up the product cycle. other companies have product cycles that last maybe six months. microsoft's last a few years. he wants it down. here's the chart of microsoft just this month. it's down about 5%. year to date, the stock is up about 4%. it has lost 12% in the last six months. this selloff just this month is not the whole story. it's been falling since last spring. >> how about five years, bill? >> well, it's had a loss decade. >> i mean, seriously. the bottom line here, microsoft has missed so many important things in technology. blew it on the tablet. blew it on the mobile device. >> they play catchup all the time. >> now they're even losing market share when it comes to their main business. android also taking some market share there. a lot of people wonder if the death of the pc is going
steve. there he is. this is a guy that was considered to be the heir apparent to steve balmer. in the last few years, steve balmer has wanted greater flexibility within the company. he wants to speed up the product cycle. other companies have product cycles that last maybe six months. microsoft's last a few years. he wants it down. here's the chart of microsoft just this month. it's down about 5%. year to date, the stock is up about 4%. it has lost 12% in the last six months. this selloff just...
694
694
Nov 13, 2012
11/12
by
CNBC
tv
eye 694
favorite 0
quote 0
let's bring in democratic vat gist steve mcmahon and grover norquist. is president obama worried about his legacy? will that make him more amenable to make a deal? >> well, i think every president thinks about their legacy. especially any president who is elected for a second term. they are looking at never again running for office again. and i think the reason you are seeing a president bring everybody in business leaders, labor leaders, and members of the opposition party is because he understands the significance of the moment and he understands the urgency of the need. and he wants to bring -- wants to bring everybody together around something where everybody gives a little bit but the country gets something significant. frankly, something the voters are asking for. which is a government that finally works. >> all right. agreed. i think voters would like a government that finally works and grow it is economy. you probably saw all of the stories today in "the new york times" and "wall street journal." the president is going to take this show on the r
let's bring in democratic vat gist steve mcmahon and grover norquist. is president obama worried about his legacy? will that make him more amenable to make a deal? >> well, i think every president thinks about their legacy. especially any president who is elected for a second term. they are looking at never again running for office again. and i think the reason you are seeing a president bring everybody in business leaders, labor leaders, and members of the opposition party is because he...
58
58
Nov 14, 2012
11/12
by
CNBC
tv
eye 58
favorite 0
quote 0
. >> i am steve grasso. looking for a better place to put your cash? here's one you may not have thought of -- fidelity. now you don't have to go to a bank to get the things you want from a bank, like no-fee atms, all over the world. free checkwriting and mobile deposits. now depositing a check is as easy as taking a picture. free online bill payments. a highly acclaimed credit card with 2% cash back into your fidelity account. open a fidelity cash management account today and discover another reason serious investors are choosing fidel >>> welcome back. slow and stable growth. dividend raises, share repurchases. sounds more like a blue chip company than apple, but could that be where the stock is headed? a top analyst today says apple's phase of high growth is over. that's tony, the influential analyst who covers this company. he says, in fact, apple's becoming the new coca-cola. do you agree? >> i don't agree. i don't think their hypergrowth phase is over. i came back from europe. the stores were packed with apple. that's a penetration story. but i'l
. >> i am steve grasso. looking for a better place to put your cash? here's one you may not have thought of -- fidelity. now you don't have to go to a bank to get the things you want from a bank, like no-fee atms, all over the world. free checkwriting and mobile deposits. now depositing a check is as easy as taking a picture. free online bill payments. a highly acclaimed credit card with 2% cash back into your fidelity account. open a fidelity cash management account today and discover...
291
291
Nov 13, 2012
11/12
by
CNBC
tv
eye 291
favorite 0
quote 1
thank you for that, steve. we have more ahead from steve. coming up, we're going to talk about several stocks on the move ahead of the opening bell. we'll get down to "mad money's" jim cramer. "squawk on the street," jim cramer right after this. sometimes investing opportunities are hard to spot. you have to dig a little. fidelity's etf market tracker shows you the big picture on how different asset classes are performing, and it lets you go in for a closer look at areas within a class or sector that may be bucking a larger trend. i'm stephen hett of fidelity investments. the etf market tracker is one more innovative reason serious investors are choosing fidelity. get 200 free trades today and explore your next investing idea. >>> let's get down to the new york stock exchange where jim and david join us now. >> how are you doing. >> home depot. what do you think? >> a classic case of what's happening in this market. news comes out and joker hedge fund guys say that's terrible and you finish release and it's good. this is a company that's now
thank you for that, steve. we have more ahead from steve. coming up, we're going to talk about several stocks on the move ahead of the opening bell. we'll get down to "mad money's" jim cramer. "squawk on the street," jim cramer right after this. sometimes investing opportunities are hard to spot. you have to dig a little. fidelity's etf market tracker shows you the big picture on how different asset classes are performing, and it lets you go in for a closer look at areas...
47
47
Nov 15, 2012
11/12
by
CNBC
tv
eye 47
favorite 0
quote 0
just me and steve? >> nice. >> it's the inverse etf of good looking. >>> coming up next, turmoil could mean turmoil for the markets. we'll tell you how to navigate it coming up. plus,al come ceo paul jacobs goes on the record about the company's plans to stay one step ahead of the situation. and mobile is a must-see interview and that is up next. l] want to spend less and retire with more? then don't get nickle and dimed by high cost investments and annoying account fees. at e-trade, our free easy-to-use online tools and experienced retirement specialists can help you build a personalized plan. and with our no annual fee iras and a wide range of low cost investments, you can execute the plan you want at a low cost. so meet with us, or go to etrade.com for a great retirement plan with low cost investments. ♪ >>> welcome back to "fast money." we are live at the nasdaq market site in new york city. qualcomm with its annual analysts meeting today. paul jacobs with an idea on what is the plans for the futu
just me and steve? >> nice. >> it's the inverse etf of good looking. >>> coming up next, turmoil could mean turmoil for the markets. we'll tell you how to navigate it coming up. plus,al come ceo paul jacobs goes on the record about the company's plans to stay one step ahead of the situation. and mobile is a must-see interview and that is up next. l] want to spend less and retire with more? then don't get nickle and dimed by high cost investments and annoying account fees....
173
173
Nov 20, 2012
11/12
by
CNBC
tv
eye 173
favorite 0
quote 0
steve liesman is standing by in new york and steve the big thing coming up today has to be when bernanke is going to be speaking. we talked earlier about that. what really do you expect to hear today? >> not unrelated to the report we just got, becky, i think that's a good question because i think bernanke is going to be relatively pleased with what's happened to mortgages. i think there are some on the fed who wanted more of an impact on mortgage rates, given the fed's decision to buy $40 billion in mortgages on a monthly basis, but what they would argue is that the effects are yet to come, because they would say that the effect of fed purchases come with the total stock that the fed owns and/or is taken off the market rather than the cumulative purchases and they really haven't had a chance to wind up, if you look at the fed's balance sheet it hasn't changed very much. >> seriously? >> yes. >> wow. >> i think the fed is going to see, be relatively happy about what's happening in the housing market, this decline is within the tolerance, you had a big jump in october, people expected som
steve liesman is standing by in new york and steve the big thing coming up today has to be when bernanke is going to be speaking. we talked earlier about that. what really do you expect to hear today? >> not unrelated to the report we just got, becky, i think that's a good question because i think bernanke is going to be relatively pleased with what's happened to mortgages. i think there are some on the fed who wanted more of an impact on mortgage rates, given the fed's decision to buy...
53
53
Nov 13, 2012
11/12
by
CNBC
tv
eye 53
favorite 0
quote 0
steve johns have hated the ipad mini? >> steve jobs just said there wasn't enough screen real estate, the real experience was the 10-inch level. most people i know who have tried both like the ten inch. once it passed the size of a smartphone which you can throw in your pocket, you really want something large enough to do some work with. i think that the ipad minute was a defensive response on apple's part to an incursion potential by amazon, google and sam sung to the 7-inch space. said we better cover that. >> good debate and good discussion. both have you back on. go back to your respective corner he is. stay tuned. >>> breaking news on mbia. earlier, talk about the story, referenced mark palmer, btig park the best team on the business on street since and welcome in mark palmer on the phone. mark, thanks for joining us on short notice. what is going on with mbia? >> well it goes back to last week, brian, when mbia launched a con sense solicitation. essentially what they are trying to do is remove mbia insurance, which
steve johns have hated the ipad mini? >> steve jobs just said there wasn't enough screen real estate, the real experience was the 10-inch level. most people i know who have tried both like the ten inch. once it passed the size of a smartphone which you can throw in your pocket, you really want something large enough to do some work with. i think that the ipad minute was a defensive response on apple's part to an incursion potential by amazon, google and sam sung to the 7-inch space. said...
89
89
Nov 16, 2012
11/12
by
CNBC
tv
eye 89
favorite 0
quote 0
the evening's main honoree was steve korman. at the end of the night he was to present a single $10,000 scholarship for a fox school student. so we all thought. most of these kids that go to temple aren't. you could feel the tension as the 20 finalists gathered him steve on stage. whach happen watch what happens. listen carefully. >> i have to tell you, i read 20 letters. is what we wrote about -- we're lucky the next generation's going to be amazing. all 20 when you think about it are winners. and i think we said $10,000. didn't we? we're changing it to $12,000. okay? and -- did i say all winners? you're all winners. you're all getting a scholarship. >> the room erupted. it was an electrifying moment. only thing better than seeing the faces of the kids who received the gifts was seeing the joy in steve korman's face as he did the giving. that's one face of business and success, simon, that we sometimes fail to see. >>> simon, i was thinking about this. it was a really moving movement. often philanthropy takes place privately. s
the evening's main honoree was steve korman. at the end of the night he was to present a single $10,000 scholarship for a fox school student. so we all thought. most of these kids that go to temple aren't. you could feel the tension as the 20 finalists gathered him steve on stage. whach happen watch what happens. listen carefully. >> i have to tell you, i read 20 letters. is what we wrote about -- we're lucky the next generation's going to be amazing. all 20 when you think about it are...
124
124
Nov 15, 2012
11/12
by
CNBC
tv
eye 124
favorite 0
quote 0
steve leisman, what's he saying? >> fed chairman ben bernanke saying the federal reserve will continue to use policy tools to support the economic recovery and making some positive comments about the housing markets saying for the first time in a number of years the housing sector is improving and adding to jobs and growth in the economy but saying housing is not out of the woods. it still faces significant obstacles. pointing out though the benefits of the housing revival remain quite uneven. saying that strengthening the housing recovery is still a critical challenge for all policymakers. makes a special point here that i haven't seen in at least a while, if ever, talking about the impact of the housing crisis on lower income and minority communities, saying they have been disproportionately affected by the housing bust. i want to spend a little time talking about this because there is a message to bankers in this. he's pointing out, since 2006 when you look at purchase mortgages to african-americans and hispanics,
steve leisman, what's he saying? >> fed chairman ben bernanke saying the federal reserve will continue to use policy tools to support the economic recovery and making some positive comments about the housing markets saying for the first time in a number of years the housing sector is improving and adding to jobs and growth in the economy but saying housing is not out of the woods. it still faces significant obstacles. pointing out though the benefits of the housing revival remain quite...
183
183
Nov 14, 2012
11/12
by
CNBC
tv
eye 183
favorite 0
quote 0
i'm steve kroft. in this edition, we look at three stories linked by the financial collapse of 2008. first, we examine a scam that's cost thousands of americans their homes. then we look into wall street's shadow market of credit default swaps. finally, a report on the perilous state of state finances. we begin with the foreclosure crisis. in the aftermath of the great recession, the huge number of foreclosed properties was a significant factor in weighing down the economy. many were stuck on the market for an unexpected reason: the banks couldn't find the ownership documents. as scott pelley first reported in april 2011, lenders wanting to evict people found that often, the legal documents behind the mortgages simply weren't there. caught in a jam of their own making, some companies appeared to have resorted to forgery to throw people down on their luck out of their homes. >> these folks on the street aren't homeless. they slept on the sidewalk because they want to keep their homes. facing foreclosur
i'm steve kroft. in this edition, we look at three stories linked by the financial collapse of 2008. first, we examine a scam that's cost thousands of americans their homes. then we look into wall street's shadow market of credit default swaps. finally, a report on the perilous state of state finances. we begin with the foreclosure crisis. in the aftermath of the great recession, the huge number of foreclosed properties was a significant factor in weighing down the economy. many were stuck on...
178
178
Nov 16, 2012
11/12
by
CNBC
tv
eye 178
favorite 0
quote 0
steve handelsman there in washington. thanks very much. >> a lot of questions with answers unfilled. thank you very much. >>> ding dongs, no more. twinkies are toast. >> did you ever have a twinkie? >> i had my first one this week. >> i thought so. you had that whole closet there. >> i did not grow up with those iconic brands in australia. well, hostess brands is going out of business because one-third of its 18,000 workers failed to reach a deal with management. why did the union give up lower paying jobs for no jobs at all? we'll have that debate next. >> looking forward to that. >>> also ahead, did you camp out to see the last "twilight" movie? as the final film hits the series, lionsgate is hoping for another wave of popular receipts. we'll have the lionsgate trade coming up. >>> also, how do you profit from poverty and feel good about it? meet the man doing just that. we'll explain. what makes the sleep number store different? you walk into a conventional mattress store, it's really not about you. we have so much tec
steve handelsman there in washington. thanks very much. >> a lot of questions with answers unfilled. thank you very much. >>> ding dongs, no more. twinkies are toast. >> did you ever have a twinkie? >> i had my first one this week. >> i thought so. you had that whole closet there. >> i did not grow up with those iconic brands in australia. well, hostess brands is going out of business because one-third of its 18,000 workers failed to reach a deal with...
757
757
Nov 19, 2012
11/12
by
CNBC
tv
eye 757
favorite 0
quote 0
i'm steve kroft. the so-called great recession sparked by the financial crash of 2008 continues to impact the business practices of wall street and the lives of americans on main street. this edition examines the seismic shock of the economic collapse on american families and what many of them believed were their most unshakable investment vehicles: their homes and their 401(k) retirement savings plans. we begin today with the culture of wall street and the role that it played in the crash. if you had to pick someone to write the autopsy report on the wall street financial collapse in 2008, you couldn't do any better than michael lewis. he is one of the country's preeminent nonfiction writers with a knack for turning complicated, mind-numbing material into fascinating yarns. he wrote his first best seller, liar's poker, about his experiences as a young wall street bond trader when he was still in his 20s. another lewis best seller called the big short: inside the doomsday machine was published in marc
i'm steve kroft. the so-called great recession sparked by the financial crash of 2008 continues to impact the business practices of wall street and the lives of americans on main street. this edition examines the seismic shock of the economic collapse on american families and what many of them believed were their most unshakable investment vehicles: their homes and their 401(k) retirement savings plans. we begin today with the culture of wall street and the role that it played in the crash. if...
47
47
Nov 13, 2012
11/12
by
CNBC
tv
eye 47
favorite 0
quote 0
steve weiss with us today. what do you make of the microsoft news? a lot of people have been positive on this company for the last several months. >> well, it's disastrous. you have basically the architect of windows 8 that's resigning just as windows 8 launches. so you wonder, is it just the personality conflict with ballmer? and they've been together for a long, long time. so i don't think it's really it, or is there something wrong with the launch, not getting off as microsoft hoped. i know it's a cheap stock, nothing's changed, it's got a big yield, nothing's changed. to me, you're marking time in the stock. dan talks about telecom equipment. i think most of the stocks are commodity-type stocks like. >> rks dsu. i would rather go with our old standby, qualcomm. i would rather go with sky works, who reported a disappointing quarter, but still has tremendous growth as they pick up market share. why are they building up market share? they're building up usage of mobile pads, smartphones. >> joe tera nova has been putting things to work in apple. you
steve weiss with us today. what do you make of the microsoft news? a lot of people have been positive on this company for the last several months. >> well, it's disastrous. you have basically the architect of windows 8 that's resigning just as windows 8 launches. so you wonder, is it just the personality conflict with ballmer? and they've been together for a long, long time. so i don't think it's really it, or is there something wrong with the launch, not getting off as microsoft hoped. i...
187
187
Nov 19, 2012
11/12
by
CNBC
tv
eye 187
favorite 0
quote 0
steve liesman has the answers next. first, rick santelli, what are you working on in the next big hour of "squawk on the street"? >> well, they say, melissa lee, that imitation is the sincerest form of flattery. i don't think it's a big reach to consider that the u.s. seems to be striving to be more european in many ways. a topic for santelli exchange today is going to be bending it like europe. fizzle and sizzle cycles. what have we learned? what should we expect? top of the hour. ♪ [ male announcer ] 'tis the season to discover the kid in all of us. enjoy free shipping and great values on your holiday shopping from l.l. bean. [ male announcer ] you are a business pro. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go like a pro. >> want
steve liesman has the answers next. first, rick santelli, what are you working on in the next big hour of "squawk on the street"? >> well, they say, melissa lee, that imitation is the sincerest form of flattery. i don't think it's a big reach to consider that the u.s. seems to be striving to be more european in many ways. a topic for santelli exchange today is going to be bending it like europe. fizzle and sizzle cycles. what have we learned? what should we expect? top of the...
184
184
Nov 17, 2012
11/12
by
CNBC
tv
eye 184
favorite 0
quote 0
larry, back to you. >> many thanks, steve handelsman, appreciate it. so why has general petraeus done a 180 on benghazi? this is a very serious issue. first he blames the attack on a video. now he's saying it was a terrorist attack and the briefing notes were changed. something doesn't add up. here now is michael rubin, resident scholar at the american enterprise institute, and alexis levinson, reporter at the daily quarter. michael, i'll go to you first. peter king himself today, i guess i'll quote this, he said that the testimony petraeus gave today, that they knew immediately it was a terrorist attack, differed with his own briefing to lawmakers on september 14th. sources say that petraeus somehow has chaud hnged his position. now, i don't get this. before i even get to the talking points, michael, how can petraeus say one thing on september 14th and then come back today and say no, no, no, here's what really happened, we knew about it all the time? >> you know, larry, that's an excellent question. but this is what really gets me. president obama, w
larry, back to you. >> many thanks, steve handelsman, appreciate it. so why has general petraeus done a 180 on benghazi? this is a very serious issue. first he blames the attack on a video. now he's saying it was a terrorist attack and the briefing notes were changed. something doesn't add up. here now is michael rubin, resident scholar at the american enterprise institute, and alexis levinson, reporter at the daily quarter. michael, i'll go to you first. peter king himself today, i guess...
266
266
Nov 14, 2012
11/12
by
CNBC
tv
eye 266
favorite 0
quote 0
. >> you don't eat it, you just catch it, right, steve? >> is this japan? >> they shouldn't be increasing the quota? >> why? >> because they have no idea about the stocks. they try to pretend there's one stock in the mediterranean, one stock in the atlantic, they have no idea. it's bad data leading to bad decision. >> if earn to take this conversation, you know what it would lead to? the tragedy of the commons. >> good point. >> when there's ownership of something, you conserve. when anybody -- everybody going after the same thing, they figure if i don't do it, somebody else is going to do it. if you own timber, every time you take down a tree, you plant two more. >> much better about protecting the resource and the europeans contend they have their own stock. but we've shown through the tagging data that these fish go across the mediterranean to the atlantic, up and down the coast, it's an extraordinary fish, a good one to preserve. >> okay. >> okay. >> let's go back to steve since you're there. you've got an interesting report, and i promise you i'll be l
. >> you don't eat it, you just catch it, right, steve? >> is this japan? >> they shouldn't be increasing the quota? >> why? >> because they have no idea about the stocks. they try to pretend there's one stock in the mediterranean, one stock in the atlantic, they have no idea. it's bad data leading to bad decision. >> if earn to take this conversation, you know what it would lead to? the tragedy of the commons. >> good point. >> when there's...
214
214
Nov 13, 2012
11/12
by
CNBC
tv
eye 214
favorite 0
quote 0
. >> thank you for being here, steve. thank you. hand out a pin to everyone you know. join us tomorrow. "squawk on the street" begins right now. >> markets waking up to the first full day of business after yesterday's holiday and the news flows back in full swing. good morning. welcome to "squawk on the street." i'm carl quintanilla along with melissa lee, jim cramer, david faber live at the new york stock exchange. futures in the red on cautious commentary from some retailers. management shake-up at microsoft and weak german business sentiment and this prolonged spat between the eu and imf over how to reduce greek debt. a beat and raise for the quarter for home depot. >> the man in charge of whippedos eat leaves microsoft just weeks after the product launches. >> jcpenney hits new lows. investors have to recognize that jcp is really two companies. we'll hear what he told becky, andrew and joe. >> lockup of all facebook shares tomorrow. >> first up, shares of home depot rising in free market pchlt home improvement retailer earned 75% a share in the quarter. that beat e
. >> thank you for being here, steve. thank you. hand out a pin to everyone you know. join us tomorrow. "squawk on the street" begins right now. >> markets waking up to the first full day of business after yesterday's holiday and the news flows back in full swing. good morning. welcome to "squawk on the street." i'm carl quintanilla along with melissa lee, jim cramer, david faber live at the new york stock exchange. futures in the red on cautious commentary from...
164
164
Nov 16, 2012
11/12
by
CNBC
tv
eye 164
favorite 0
quote 0
. >> the president pulling a steve jobs. one more thing. a room full of congressional leaders and cabinet members, you know, one question is going to be the degree to which the president is involved and that moment was choreographed to some degree, right, that pat on the back and that happy birthday. >> those are two key figures. president obama and john boehner almost got a deal in 2011. that's a place to pick up the discussions and i think you saw the president econfident there just winning the election there and house republicans back in the majority in the house and that's the dance to the finish line and i think they will. >> politico talked about whether or not the white house has learned its lesson in going into a room, a bunker, with the speaker, since it didn't work out the way they wanted last time around. do you think the president will be as involved or can he hand this off to someone else to negotiate? >> i think he'll be as involved. i think he'll be involved inside the room and outside of the room. the strategic turn the pres
. >> the president pulling a steve jobs. one more thing. a room full of congressional leaders and cabinet members, you know, one question is going to be the degree to which the president is involved and that moment was choreographed to some degree, right, that pat on the back and that happy birthday. >> those are two key figures. president obama and john boehner almost got a deal in 2011. that's a place to pick up the discussions and i think you saw the president econfident there...
277
277
Nov 16, 2012
11/12
by
CNBC
tv
eye 277
favorite 0
quote 0
steve liesman will bring us a special report after this. tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 and with schwab mobile, tdd#: 1-800-345-2550 i can focus on trading anyplace, anytime... tdd#: 1-800-345-2550 until i choose to focus on something else. tdd#: 1-800-345-2550 trade at charles schwab for $8.95 a trade. tdd#: 1-800-345-2550 open an account and trade up to tdd#: 1-800-345-2550 6 months commission-free online equity trading tdd#: 1-800-345-2550 with a $50,000 deposit. tdd#: 1-800-345-2550 call 1-800-836-8799. sfx- "sounds of african drum and flute" look who's back. again? it's embarrassing it's embarrassing! we can see you carl. we can totally see you. come on you're better than this...all that prowling around. yeah, you're th
steve liesman will bring us a special report after this. tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 and with schwab mobile, tdd#: 1-800-345-2550 i can focus on trading anyplace, anytime......